Morgan Stanley (Photo: bloomberg) By Sridhar Natarajan Morgan Stanley is planning to eliminate several hundred jobs, the first such move under Chief Executive Officer Ted Pick. The cuts will affect less than 1 per cent of employees in the wealth-management business, which has about 40,000 workers and is the firm’s largest unit, according to a person with knowledge of the matter. A representative for Morgan Stanley declined to comment. CEO Ted Pick (Photo: Bloomberg) Pick took the helm in January from James Gorman, who eliminated more than 3,000 jobs last year amid a renewed focus on expenses and a slump in fees from a dealmaking drought. The bank’s s
Hence then, the article about morgan stanley planning to eliminate several hundred jobs in wealth unit world news business standard was published today ( ) and is available onBloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Morgan Stanley planning to eliminate several hundred jobs in wealth unit | World News – Business Standard )